Glimmerglass Opera Theatre Inc
- Assets
- $16.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 323
- Location
- Cooperstown, NY
- Founding
- 12/1975
- Data as of
- 09/2023
- EIN
- 16-1053970
Organization Overview
Glimmerglass Opera Theatre Inc, operating under the name Glimmerglass Festival, is located in Cooperstown, NY. The organization was established in 1975. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Glimmerglass Festival employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glimmerglass Festival is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Glimmerglass Festival generated $7.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $10.8m during the year ending 09/2023. While expenses have increased by 3.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCE NEW, LITTLE-KNOWN AND FAMILIAR OPERAS AND MUSICAL THEATER IN INNOVATIVE PRODUCTIONS; PROVIDE PROFESSIONAL TRAINING AND PERFORMANCE OPPORTUNITIES FOR EMERGING ARTISTS AND INTERNS; ENGAGE IMPORTANT ARTISTS WHO INSPIRE THE HIGHEST STANDARDS OF ACHIEVEMENT; INSPIRE DIALOGUE AROUND MEANINGFUL ISSUES OF THE DAY THROUGH SONG AND STORY; COLLABORATE WITH REGIONAL ORGANIZATIONS, SCHOOLS AND BUSINESSES TO ENHANCE LIFE IN CENTRAL NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLIMMERGLASS IS AN EIGHT-WEEK SUMMER FESTIVAL, ANNUALLY PRESENTING 42-TO-44 PERFORMANCES OF FOUR ORIGINAL PRODUCTIONS OF OPERA AND CLASSIC BROADWAY IN ROTATING REPERTORY IN ITS 900-SEAT THEATER. GLIMMERGLASS HAS EARNED AN INTERNATIONAL REPUTATION AS A CREATIVE CENTER FOR THE DEVELOPMENT OF RARE AND FAMILIAR REPERTORY PRESENTED IN INNOVATIVE STAGINGS, BRINGING TOGETHER ACCLAIMED ARTISTIC TEAMS TO GENERATE NEW PRODUCTIONS DURING UNIQUELY-LENGTHY REHEARSAL PERIODS. THESE MAIN STAGE PERFORMANCES ARE AUGMENTED BY AN ARRAY OF ANCILLARY PROGRAMS TO CREATE A FESTIVAL ATMOSPHERE: CONCERTS BY DISTINGUISHED GUESTS ARTISTS; A SEASON-LONG SERIES OF INTIMATE MUSICAL SHOWCASES (MEET ME AT THE PAVILION) AND LECTURES (SHOWTALK); Q&AS WITH SINGERS IMMEDIATELY FOLLOWING PERFORMANCES; PRE-PERFORMANCE PREVIEWS; AND REPERTORY-RELATED EXHIBITIONS AT NEARBY MUSEUMS. A CORNERSTONE OF GLIMMERGLASS' EFFORTS IS ITS RENOWNED PROFESSIONAL EDUCATION TRAINING PROGRAMS, ENGAGING ON AVERAGE 40 EMERGING SINGERS AND 60 YOUNG ARTS ADMINISTRATION AND THEATER TECHNICIANS FOR ITS YOUNG ARTISTS PROGRAM (YAP) AND SUMMER INTERNSHIP PROGRAM. YOUNG ARTISTS PERFORM SECONDARY SOLO AND CHORAL ROLES IN ALL MAIN STAGE PRODUCTIONS, PERFORM THE MAJORITY OF THE MEET ME AT THE PAVILION SHOWCASES AND ARE GIVEN THEIR OWN PERFORMANCE ANNUALLY OF ONE OF THE SEASON'S SELECTIONS. ENHANCING THE YAP IS THE ENGAGEMENT ANNUALLY OF AN ARTIST IN RESIDENCE, AN INTERNATIONALLY-ACCLAIMED PRINCIPAL SINGER WHO PERFORMS A LEAD ROLE IN ONE OF THE SEASON'S PRODUCTIONS, PRESENTS A CONCERT AND SERVES AS PRIMARY MENTOR TO THE YOUNG ARTISTS. SUMMER INTERNS WORK IN ALL AREAS OF OPERATIONS, FROM PRODUCTION TO ADMINISTRATION, GAINING INVALUABLE PROFESSIONAL EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherwin M Goldman Trustee | Trustee | 1 | $0 |
Thomas Simpson Trustee | Trustee | 1 | $0 |
Wendy Curtis Trustee | Trustee | 1 | $0 |
Jean Stark Vice President | OfficerTrustee | 2 | $0 |
Michael Young President | OfficerTrustee | 3 | $0 |
Patricia Chadwick Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
4 Wall Entertainment Lighting Rental | 9/29/23 | $207,366 |
Bello Construction Construction And Repairs | 9/29/23 | $157,815 |
Whiteman Osterman & Hanna Llp Legal | 9/29/23 | $104,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,071,418 |
| Noncash contributions included in lines 1a–1f | $511,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,195,918 |
| Total Program Service Revenue | $2,741,989 |
| Investment income | $225,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,534 |
| Net Income from Fundraising Events | $457,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,745,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $306,036 |
| Compensation of current officers, directors, key employees. | $102,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,439,338 |
| Pension plan accruals and contributions | $41,277 |
| Other employee benefits | $363,395 |
| Payroll taxes | $396,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,101 |
| Fees for services: Accounting | $35,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,141 |
| Advertising and promotion | $364,531 |
| Office expenses | $42,832 |
| Information technology | $18,302 |
| Royalties | $0 |
| Occupancy | $485,428 |
| Travel | $163,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,785 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $408,081 |
| Insurance | $131,144 |
| All other expenses | $206,827 |
| Total functional expenses | $10,812,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $393,165 |
| Accounts receivable, net | $53,094 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,326 |
| Prepaid expenses and deferred charges | $65,089 |
| Net Land, buildings, and equipment | $6,322,044 |
| Investments—publicly traded securities | $8,978,782 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,438,681 |
| Accounts payable and accrued expenses | $263,072 |
| Grants payable | $0 |
| Deferred revenue | $250,459 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,968,214 |
| Total liabilities | $2,481,745 |
| Net assets without donor restrictions | $7,928,022 |
| Net assets with donor restrictions | $6,028,914 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,438,681 |